Quick Flip Success in Junction City: E 12th St Deal with Archie Raglin!

[Julie Muse]

Investment Info:

Single-family residence wholesale investment.

Purchase price: $11,500
Sale price: $14,000

Contributors:
Peter Vekselman

We purchased a property on E 12th St, Junction City, KS, on 10/15/2024 for $11,000 with our partner Archie Raglin. In a fast and strategic move, we sold the home the same day for $14,000. This deal was a quick flip with no renovations required, showcasing Partner Driven’s ability to identify opportunities and generate profit through speed and market insight.

What made you interested in investing in this type of deal?

Partner Driven saw the potential for a quick return on investment with the E 12th St deal. The property was priced well under market value, allowing for immediate profit without renovations. This type of opportunity aligns perfectly with our strategy to move fast and capitalize on quick flips.

How did you find this deal and how did you negotiate it?

We discovered this deal through our network of real estate contacts in Kansas. Our partner, Archie Raglin, helped us secure the property at $11,000. The seller needed to close quickly, and we were able to negotiate favorable terms to make it a win-win transaction. Fast decision-making played a crucial role in this successful deal.

How did you finance this deal?

The deal was financed through a combination of private funds from our Partner Driven capital resources and contributions from our partner, Archie Raglin. Given the low purchase price, the financing was straightforward and quick, allowing us to close on the same day we found the deal and sell it immediately for a profit.

How did you add value to the deal?

In this transaction, the value added wasn’t through physical renovations but rather through quick market positioning and strategic timing. Partner Driven utilized its expertise in deal structuring and the local market to flip the property quickly at a higher price point, demonstrating our ability to maximize profits without heavy investment.

What was the outcome?

The outcome was a fast and profitable flip. We purchased the home for $11,000 and sold it the same day for $14,000. The deal exemplified our strategic approach to quick flips, capitalizing on opportunities with minimal investment, and yielding a solid return in a short timeframe, further strengthening our partnership with Archie Raglin.

Lessons learned? Challenges?

This deal reinforced the importance of speed in the real estate market. By acting swiftly, we turned a modest investment into a profitable deal within hours. The challenge here was ensuring everything was aligned for a same-day close, but with proper coordination, we executed it flawlessly, reinforcing our ability to manage fast-paced deals effectively.